Day April 3, 2005

In 2001, 1.4% of California homes were bought using interest-only adjustable rate mortgages. In 2004, that number was a staggering 47.8%. Such mortgages are highly risky because after a predetermined number of years, usually between 3-7, you must start to…

The Internal Revenue Service announced today that taxpayers participating in the Son of Boss tax shelter settlement have so far paid in more than $3.2 billion, a figure that should top $3.5 billion when the project concludes in coming months.…

One of the most famous figures in music resigned dramatically yesterday after an acrimonious power struggle at the world-renowned opera house La Scala, Milan, which prompted a virtual mutiny. Riccardo Muti quit as musical director at the Italian institution after…

Will either be arch-conversative or stone cold reactionary. There’s little chance of a even a moderate getting elected.